TerraVest Boosts Share Offering Amid Strong Demand

TerraVest Industries, Inc. (TSE:TVK) has released an update.

TerraVest Industries Inc. has upscaled its offering from $65 million to $84 million due to robust investor demand, with an option for underwriters to purchase additional shares potentially raising the total to $96.5 million. The proceeds are set to bolster the company’s balance sheet by repaying debt and funding general corporate activities, while also preparing for future acquisition and growth opportunities. The offering, expected to close around May 15, 2024, will be conducted in Canadian provinces via a prospectus supplement to the company’s base shelf prospectus.

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